MCI bids US$115 billion for Sprint

Expected to be announced today, Sprint has supposedly accepted a US$115 billion bid by MCI-Worldcom. The merger would be the largest ever corporate merger. It makes the Exxon/Mobil merger for $80 billion look like small potatoes.

ROB'S OPINION
This merger could certainly change the face of telecommunications. However, will it be approved? Didn't Bell have a monopoly a while back, and doesn't one big huge phone company work against the idea of competition? Who's left besides AT&T?

The phone companies have gotten huge, and are gobbling up other companies like crazy. Still, we pay high rates. Free phone service will not be available anytime soon if these companies have their way. Can you imagine the joy of integrating their back-end systems? Now that's a project that would take years.